Updates

IMImobile - Soon-to-be-prospective PE of 14.4

January 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Given our full write-up two months ago, there wasn’t much new news in the latest H1 from mobile software specialist IMImobile. Sales were ahead by 5% at £21.5m with adjusted profit before tax of £2.7m after investing in a new US office and developing some public sector skills in India.IMI benefits from a high visibility of income with managed services accounting for 42% of sales, software-as-a-service 45% whilst licence income is just 12%. This underpins H2 performance, which will receive a further boost (5.5 months) from TxtLocal, which had annual sales of £7m. Chief executive Jay Patel says TxtLocal was an excellent deal. The business provides SMEs with a texting service; sure, it had the skills to develop ...

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Empresaria

IMImobile (January 2021)

IMImobile (November 2020)

IMImobile (August 2019)

IMImobile (March 2019)

IMImobile (December 2018)

IMImobile - Acquisition drives 10% eps upgrade (August 2018)

IMImobile (June 2017)

IMImobile (December 2016)

IMImobile - 90% of revenue is repeatable, says Patel (August 2016)

IMImobile (July 2015)

IMImobile - 85% of income repeat in nature (November 2014)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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